kerry group plc-a (KYG) Key Developments

Kerry Group plc Recommends Increased Final Dividend for the Year 2014, Payable on May 15, 2015

Feb 24 15

The Board of Kerry Group plc recommends a final dividend of 31.5 cent per share, an increase of 12.5% on the 2013 final dividend. Together with the interim dividend of 13.5 cent per share, this brings the total dividend for the year to 45 cent, an increase of 12.5% on 2013. The final dividend is payable on 15 May 2015 to shareholders registered on the record date 10 April 2015.

Kerry Group plc Reports Unaudited Consolidated Earnings Results for the Year Ended December 31, 2014

Feb 24 15

Kerry Group plc reported unaudited consolidated earnings results for the year ended December 31, 2014. For the period, the company reported revenue of €5,756.6 million against €5,836.7 million a year ago. Operating profit was €608.5 million against €189.5 million a year ago. Profit before taxation was €555.6 million against €121.9 million a year ago. Profit after taxation and attributable to owners of the parent was €479.9 million against €84.4 million a year ago. Earnings per A ordinary share diluted was 272.7 cents against 48 cents a year ago. Net cash from operating activities was €469 million against €459.2 million a year ago. Purchase of assets was €274.1 million compared to €190.2 million a year ago. Net debt as at December 31, 2014 was €1,195.3 million compared to €1,083.1 million a year ago. Adjusted earnings were €490.3 million or 278.9 cents per share compared to €453.2 million or €257.9 cents per share a year ago. Net capital expenditure in 2014 amounted to €257 million compared to €177 million a year ago. Adjusted profit before tax, brand related intangible asset amortization and non-trading items increased by 7.1% to €570 million. Capital expenditure (excluding R&D centres) was €201 million compared to €156 million a year ago. Capital expenditure on R&D centres was €56.4 million compared to €20.7 million a year ago.

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